107 Waterfront Dr UNIT 107BrickNJ08724
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Brick at 107 Waterfront Dr UNIT 107, Brick, NJ, 08724 uses $86,157 cash to close to unlock $1,843/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $2,181/mo, and a $1,272/mo payment keeps the spread at $154/mo. Purchase price stands at $259,900, and rental yield measures 10.07% with $2,181/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 116.44% and total cumulative return in cash records $100,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,181/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
8,712 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08724, Brick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,773 (100%) |
| Owner Occupied HU | 14,538 (77.4%) |
| Renter Occupied HU | 3,067 (16.3%) |
| Vacant Housing Units | 1,168 ( 6.2%) |
| Median Home Value | $461,086 |
| Average Home Value | $516,845 |
Housing Distribution
Address Breakdown
Residential
17,913
Single Family
17,749
Multi-Family
164
Businesses
636
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darlene Schror • Redfin Corporation
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943901
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.